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China's FAW Car H1 unaudited net profit 505.77 mln yuan

Beijing, 220708. FAW Car Co Ltd (SZA 000800) said first half unaudited net profit was 505.77 mln yuan, up about 206 pct from the year-earlier audited result, due to a strong auto market, increased marketing efforts and cost controls.

In a brief statement filed with the Shenzhen Stock Exchange, the company said operating revenue rose about 76.16 pct year-on-year to 10.432 bln yuan.

Earnings per share stood at 0.3108 yuan, against 0.1016 yuan a year earlier.

The company is due to release audited first half financial results on Aug 28.

Source: Forbes.com.